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Most traders might be thinking why is BTC not even trying to correct even for a day?. The reason is simple, Exchanges now never allow such big money to sell because they are all documented and controlled by govts. So anyone saying crypto is decentralised assets either does not understand how basic things work or what regulations is about. Once Trump regulate it, there won't be any meme pumps left. Crypto story will be over by then.
USDC minting 100s of billions free money to buy Bitcoins without proper peg with assets or dollars is the big problem. Probably this is also the reason btc is moving unresisted. Anyone holding USDC should not trust their hands
Sell orders were absorbed by #MichaelSaylor buy orders in the previous week amounts of over 4 billion $.. Now you might see not much resistance of big sell orders in immediate days to come. Be careful
As per BTC is concerned, today short sellers positions are almost liquidated all around the park. Going ahead it will not be easy to climb towards 100k near terms until hype of Trump inauguration. But bigger question is BTC belongs to corporates now.. They can manipulate anytime as they created supply shock.
Bitcoin going up without respecting resistance while altcoins barely moving is one of the examples why monopoly is a bad thing for retail investors. When centralised big pocket guys enters the market that's the end of decentralisation. Crypto community should move away from bitcoin for sustenance.
Be prepared to see market going down significantly in next few months. Rich and big guys are mostly democrats lenient and they will not care stock prices in some months to come..But before that we might reach around 80k in short term but long term will be not that good for crypto market.
One of the important things that need to be reminded to retail traders is that if Harris win bitcoin will go back to 20k sub, while Trump victory will shortly push towards 100k. Either way crypto industry is going to change direction of uncertainty. Crypto bros should have remained neutral instead of trying to turn decentralised nature to centralized business by supporting political parties. Pretty bad days ahead
People who are in to telegram dogs should save their buying potential for #dexbros which will be announced in next few months .. #dexbros is father of both x and telegram that's exclusively built for decentralised crowd. Hold your coins until we turn Dex social network upside down.
We are about to witness stock market crash in coming months but dexbros will give new opportunities to make big for who likes to onboard lazy crypto based x like app in next few months
The issue with unregulated bitcoin is that anyone holding a few billions $ can tumble the bitcoin price to half. And nobody can even question unlike regulated assets that's why monopoly in bitcoin or any crypto currency is beyond sustainable
Be careful small traders!! Current rise in BTC price above 59000 is triggered by small retail traders while big and medium trade still are selling it. Don't be surprised for a sharp downfall
People should cool down their nerves with alt coins. Mt. Gox, Germany govt is selling Bitcoins but the way alt coins are reacting it's simply over reaction
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